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HomeMy WebLinkAbout(0056) M&C 20-0393City of Fort Worth, Texas Mayor and Council Communication DATE: 06/16/20 M&C FILE NUMBER: M&C 20-0393 LOG NAME: 06VA-17-001 ENCORE AT PANTHER ISLAND SUBJECT Adopt Ordinance Vacating a Portion of NW Fourth Street to be Replatted with the Adjoining Property for the Encore at Panther Island Multifamily Development in Trinity Uptown (COUNCIL DISTRICT 9) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached ordinance vacating a portion of NW Fourth Street to be replatted with the adjoining property for the Encore at Panther Island multifamily development in Trinity Uptown; and 2. Waive any and all purchase fee value of the vacated land in accordance with City policy. DISCUSSION: Kimley-Horn and Associates, on behalf of Encore -Multifamily, LLC, has requested vacation of this street to be replatted with the adjoining property for a multifamily development in Trinity Uptown. The City Plan Commission recommended approval of this request at its meeting on February 22, 2017. An acceptable final plat (FS-20-076) has been received in accordance with the Subdivision Ordinance. The City of Fort Worth (City) originally obtained the above mentioned right-of-way through plat dedication. The City does not own any fee interest in the rights -of -way or own any property adjacent to the right-of-way and did not expend any City funds to purchase the right-of-way easement. In accordance with the City's policy regarding street and alley vacation transactions approved by the City Council on March 6, 2007, Mayor and Council Communication (M&C G-15624), staff recommends waiving the fair market value or any portion thereof of purchase price of this right-of- way easement for the street. This project is located in COUNCIL DISTRICT 9 A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that approval of these recommendations will have no material effect on City funds. Submitted for City Manager's Office by. Dana Burghdoff 8018 Originating Business Unit Head: D.J. Harrell 8032 Additional Information Contact: Alexander Parks 2638